The University of Toledo Medical Center has hired Nickolas Vitale as its interim chief financial officer.
Vitale, the former executive vice president and chief financial officer for the Beaumont Health System headquartered in Royal Oak, Mich., will provide guidance and counsel through the affiliation process between ProMedica and UT’s College of Medicine and Life Sciences. In addition, Vitale will work closely with UTMC’s Finance Officer Ron Goedde to address the medical center’s financial plans and reporting.“This is a great opportunity for me because over the past year, I helped Beaumont through the merger with Oakwood Healthcare and Botsford Hospital, which resulted in the largest health-care system in Michigan,” said Vitale, who joined UT Nov. 1. “While UTMC is not merging with ProMedica, the affiliation agreement between two great organizations is very exciting, and helping with the transition and what that will mean for UTMC in the future is very meaningful to this community.”
UTMC CEO Dave Morlock said Vitale brings a wealth of expertise and leadership to the interim position with more than 35 years experience in health-care finance and administration.
“We are fortunate that Nick was available to step into this position and help shape UTMC’s financial future,” Morlock said. “His health-care background is vast, and he will be able to take UTMC to the next level when it comes to financial reporting.”
Before leading Beaumont, Vitale was the vice president of finance and chief financial officer for Bon Secours Cottage Health Services from 2003 to 2005. From 1999 to 2003, he was the executive vice president and chief financial officer for the Detroit Medical Center.
Vitale earned a bachelor’s degree in business administration with an emphasis in accounting from Western Michigan University. He earned an MBA in finance from Wayne State University.